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CARTER, JR., v. ARTCRAFT PHOTO-ENGRAVING CO. (NO. 1)

80 Pa. D. & C. 261 (1951)

Carter, Jr., v. Artcraft Photo-Engraving Company (No. 1)

Common Pleas Court of Philadelphia County, Pennsylvania.

November 15, 1951.

Attorney(s) appearing for the Case

T.A. Galbally, for plaintiff.

E. Hepburn, for defendant.

BOK, P.J., November 15, 1951.

The sole issue is the "fair value" of defendant company's 48 shares of stock on November 1, 1949. Defenses based on the invalidity of the contract to buy back plaintiff's 11 shares and on the fraudulent inducement of that contract have been withdrawn.

A basic book value of $61,036.35 for the business is agreed upon. Plaintiff's attack centers upon two classes of items, which he...

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